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the cost general economies 77 scale and learning. called the learning curve and this is really the foundation of supply side economics. why when you cut taxes, which are just like a price, you reduce costs across the economy and allow the united states to expand the global share of the ever markets or enterprise and wealthy. that's why supply side economics works. it's not merely by balancing the budget or overcoming debt or one of these accounting gem micks that are often treated as conservative economics. it's opening the horizon to the economy to human creativity. and human creativity always comings as a surprise to us. you can't plan it. if you get k plan it, you wouldn't need it. >> can p mitt romney use the phrase politically supply side economics. i think he could if he says that he's reviving the reagan administration. the book was quoted more by -- president reagan most quoted author. he quotedded the book regularly throughout the administration. and reagan didn't balance the budget. he had actually during the reagan adminis
the cost general economies 77 scale and learning. called the learning curve and this is really the foundation of supply side economics. why when you cut taxes, which are just like a price, you reduce costs across the economy and allow the united states to expand the global share of the ever markets or enterprise and wealthy. that's why supply side economics works. it's not merely by balancing the budget or overcoming debt or one of these accounting gem micks that are often treated as...
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and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligations and our ious, we will trigger a depression worse than the 1930s. anybody here remember the 19 1930s depression? you probably don't. i don't. i was not born, but i've read about it. it was a calamity for the world. tim geithner said to the president what, if we default on this, if we do not solve this problem, we will have an economic catastrophe that will make the 2008 financial crisis a footnote in the history books. anyone remember the 2008 financial crisis? that's coming not from some columnist or journalist, that is coming from well-informed secretary of the treasury. you think about this, there is a value in running scared. if you think about after 9/11, the terrorist attacks, one thing the country did collectively is they set up tsa, the screening at airports. there are all kinds of work, very sig
and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligations and our ious, we will trigger a depression worse than the 1930s. anybody here remember the 19 1930s depression? you probably don't. i don't. i was not born, but i've read about it. it was a calamity for the world. tim geithner said to the president what, if we default on this, if...
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how green jobs pots damage america's economy. that's how the focus of green job alternative fortuning is imposing cost on america's economy. costs that proponent of green jobs are not acknowledging. >> and for the most part, you write a lot about gender policy and politics. and is this a branch out for you to write about green job displs. >> i also written my book have been in the area of gender. i have written a lot also in energy economics and in taxation. i'm a monthly column nist for this. i edited a bock called overcoming barriers to imeerpship. i wouldn't say it's a radical thing. social security something i've been thinking about it and writing about far long time. thank you for joining us on booktive. >> it's great to be with you. >> coming up from booktv coverage from the annual libertarian contest. economist george talks about new edition of the 1981 best selling book. this is just over thirty minutes. [inaudible conversations] george, you have a new audition of "wealth and poverty" how. has country changed since the or
how green jobs pots damage america's economy. that's how the focus of green job alternative fortuning is imposing cost on america's economy. costs that proponent of green jobs are not acknowledging. >> and for the most part, you write a lot about gender policy and politics. and is this a branch out for you to write about green job displs. >> i also written my book have been in the area of gender. i have written a lot also in energy economics and in taxation. i'm a monthly column...
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we have a stagnant economy. what it means is that if you make a contract two years from now for a fixed amount, the value will be the same as it is today. when you make an investment, when you value that investment, it is the future stream of income. well come you don't know what the dollar will be worth. $120, less investment, the economy is stagnating. just as it was in the 1970s. again, government creates the environment. stable money. don't go on the spending ventures and run the economy. >> host: steve forbes, you have been preaching this message for many years. why are we still talking about this? >> that's a good question. we asked that question in the book after the terrible decade of the 1970s. we had milton friedman come along. a huge bestseller and series on television. while reagan comes in and makes remarkable reforms and america blossoms again. why are we going backwards. this is something not understood, and that is free markets are not inherently unstable. every major economic crisis has its orig
we have a stagnant economy. what it means is that if you make a contract two years from now for a fixed amount, the value will be the same as it is today. when you make an investment, when you value that investment, it is the future stream of income. well come you don't know what the dollar will be worth. $120, less investment, the economy is stagnating. just as it was in the 1970s. again, government creates the environment. stable money. don't go on the spending ventures and run the economy....
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anybody think raising taxes builds the economy? >> no! >> no, his plan is to continue what he's done before, the status quo has not worked. we cannot afford four more years of president obama. we're not going to have four more years of obama. >>> wednesday, president obama and mitt romney meet in the first presidential debate. the news hours jim lehr moderates. watch and engage with c-span including the live debate preview at 7 p.m. eastern, debate at 9, and post debate, calls, reactions, e-mails, and tweets. follow our coverage on c-span, c-span radio, and online at c-span.org. now on booktv, peter takes about why our economy produces great wealth and great poverty at the same time. he offers suggestions on how to improve the conditions on tens of millions of americans living below the poverty line. this is about 50 minutes. >> well, thank you so much, debra. i am totally delighted to be here and thanks to busboys and poets for allowing me to be here, to talk with you, and, of course, thanks to all of you for coming. i see a lot of -- a
anybody think raising taxes builds the economy? >> no! >> no, his plan is to continue what he's done before, the status quo has not worked. we cannot afford four more years of president obama. we're not going to have four more years of obama. >>> wednesday, president obama and mitt romney meet in the first presidential debate. the news hours jim lehr moderates. watch and engage with c-span including the live debate preview at 7 p.m. eastern, debate at 9, and post debate,...
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>> guest: how green jobs damage america's economy. it is about alternative energy and imposing costs on america's economies. costs that opponents are not acknowledging.
>> guest: how green jobs damage america's economy. it is about alternative energy and imposing costs on america's economies. costs that opponents are not acknowledging.
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i like to paraphrase james' old saying in the election of 1992, it's the economy, stupid. it's the culture stupid. the culture of america is changing for the worse, and we see it in our terrible, competitiveness ratings, you know, with the foreign countries in math, science, ect. it's not hard to make chose changes. politically, it will be very difficult, but it's really quite cheap, and nobody ever talks about the kinds of things we have to do, and it's not putting more money into education, ect.; it's getting the kids to want to learn. if they want to learn, we could spend half of what we spend and we'll get better students. >> host: bill, thank you very much. michael, you start. >> guest: anybody who is concerned about american values and american culture should read "that used to be us" because there's an extensive discussion of both, and we do feel it over the last 20 years, some of the core values have eroded. in particular, there's now a greater emphasis on the short term than there used to be, and not as much emphasis as we need on the long term. there's no doubt t
i like to paraphrase james' old saying in the election of 1992, it's the economy, stupid. it's the culture stupid. the culture of america is changing for the worse, and we see it in our terrible, competitiveness ratings, you know, with the foreign countries in math, science, ect. it's not hard to make chose changes. politically, it will be very difficult, but it's really quite cheap, and nobody ever talks about the kinds of things we have to do, and it's not putting more money into education,...
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they did not say the american economy is collapsing and did not warrant to trust investors. rather what they said was the american political system is collapsing and in so far as the health of the american economic system does depend on cogent decisions made by the american political system, and investors should lose some of the confidence they might have had. what is missing from the analyses of friedman and others is an ability to connect the dots between our institutions and the constitution that created them. we are treated to constant criticism of our leaders. both of those who currently in have a public office and those who wish to. and perhaps their unwillingness to compromise with one another. what we do not adequately emphasize is that there may be nothing at all irrational about bear behavior given the incentives created by the constitutional system as drafted in 1787 under assumptions of what the political water would look like 1787 that were fundamentally shown to be wrong no later than 1800. but we have not in fact addressed since then. my a few for example is t
they did not say the american economy is collapsing and did not warrant to trust investors. rather what they said was the american political system is collapsing and in so far as the health of the american economic system does depend on cogent decisions made by the american political system, and investors should lose some of the confidence they might have had. what is missing from the analyses of friedman and others is an ability to connect the dots between our institutions and the constitution...
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the political apparatus, political dimension is making us forget the economy factors. there would be no democracy in the region if we don't have economic stability. to open up countries or open the market is something we know in africa. happened before. to deal with the arab world as we are very happy these people are for justice and we don't care which kind of political and economic policy for new positioning we get in the global economy which is very naive and we have to be cautious with this. we were dealing with this, something which is not as easy as this. it is if i have to talk about an intellectual revolution that is changing and we have to cope with this and hope the new generation are going to start from there. this is the beginning of the book and also saying hosni mubarak didn't know what was happening that -- many people were arrested because they were in the west and they were arrested. they knew something was happening. the american ambassador sent a note to the american government saying there are young people who want to get to the hosni mubarak regime
the political apparatus, political dimension is making us forget the economy factors. there would be no democracy in the region if we don't have economic stability. to open up countries or open the market is something we know in africa. happened before. to deal with the arab world as we are very happy these people are for justice and we don't care which kind of political and economic policy for new positioning we get in the global economy which is very naive and we have to be cautious with...
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and the corrupt businessman just about brought the whole world economy down in 2008 with angela pizzolo the ceo of countrywide financing. this was the man who essentially invented sub-prime lending. now, another government figure was the superduper financial planner regulator character named wesley mouch. in the book we liken him to congressman barney frank. barney frank was the godfather of fannie mae and freddie mac in the u.s. congress and the two of them must do low in the private sector and frank in the public sector with fannie and freddie were an unholy alliance that allow countrywide in the people who prospered by imitating countrywide to create bonuses where people can never repay them. they eventually sold us to the federal government and how was that made possible? it was made possible by barney frank through for fannie and freddie in the name of all kinds of high-minded altruistic social benefits, housing for of a buddy lets put people in big mansions or they can afford to. that was the world of "atlas shrugged" and the world we just barely survived and were still struggling
and the corrupt businessman just about brought the whole world economy down in 2008 with angela pizzolo the ceo of countrywide financing. this was the man who essentially invented sub-prime lending. now, another government figure was the superduper financial planner regulator character named wesley mouch. in the book we liken him to congressman barney frank. barney frank was the godfather of fannie mae and freddie mac in the u.s. congress and the two of them must do low in the private sector...
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we, the majority are really getting schooled in the economy. the way to fix it, to reverse that, to offset is use the political system to get that result. in the political system, we can rearrange so what was lost in the economics is indicated more and more unequal is recouped by using politics. where the majority votes, where the majority rules is a perfectly logical way of thinking. and this has occurred to the rich as well. and to the corporations as well. so the more the system produces inequality, the more urgent it becomes for those benefiting from the inequality capitalism producers to control the politics because the alternative would be good. they're not going to do that. they're not going to allow the political system to function undoes what they have achieved in their mind in the economic system. they're not going to do that. see you can watch as america becomes more and more unequal, then it becomes necessary for politics to become more and more dependent on the money, dependent on the corporations to provide contributions to the ec
we, the majority are really getting schooled in the economy. the way to fix it, to reverse that, to offset is use the political system to get that result. in the political system, we can rearrange so what was lost in the economics is indicated more and more unequal is recouped by using politics. where the majority votes, where the majority rules is a perfectly logical way of thinking. and this has occurred to the rich as well. and to the corporations as well. so the more the system produces...
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the government, which also administrates prices, and called taxes, and so lower tax rates expand the economy and lead to more revenues for the government. and last zerosome struggle over government favors. >> we have been talking here on booktv with george author of several books including a new edition of "wealth and poverty" which came out originally in the early '0eus. this is booktv on c-span2. coming up next edward griffin. the an libertarian conference held in las vegas. he talks about the book the creature from jekyll island. the creation of the federal reserve system. it's over fifteen minutes. the book on your screen written in 1994. it is currently in the 32nd print. this sphift edition. and the author is g. edward griffin. these joining us on c-span2 in las vegas. who is the creature from jekyll island? >> what is the creature. >> yes. i had fun with the tight. i thought if anybody saw it this the bookstore, they might think it was a equal to jurassic park. it is they are the federal reserve m and the reason for the jekyll island connection was because one of the most springing th
the government, which also administrates prices, and called taxes, and so lower tax rates expand the economy and lead to more revenues for the government. and last zerosome struggle over government favors. >> we have been talking here on booktv with george author of several books including a new edition of "wealth and poverty" which came out originally in the early '0eus. this is booktv on c-span2. coming up next edward griffin. the an libertarian conference held in las vegas....
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iew and still lost than president obama had in this quarter so the economy is worse off. i also know that unemployment is higher than it was under george walker bush. i can't say for sure, but i think the next highest unemployment rate that a president's been re-elected at was 7.2% under reagan. i can't say for sure, but i think it was under 6.5% for george hw bush. i don't know what the inflation rate or interest rate was, but the economy was in better shape in 1992 by any objective measure than it has in 2012 so president obama's in big trouble. >> hi, i just want to take the opportunity to thank you because you use your gifted brain and your considerable verbal skills, writing skills, energy, and fly all over. i'm grateful you're able to do that. >> my great pleasure, thank you. >> my question is what can little people, individual little people do the best right now to support mitt romney? i was a rick santorum supporter, and i'm grateful to have seen it play out. when everybody was played out, now it seems like we're all standing strong and firm behind mitt romney. it
iew and still lost than president obama had in this quarter so the economy is worse off. i also know that unemployment is higher than it was under george walker bush. i can't say for sure, but i think the next highest unemployment rate that a president's been re-elected at was 7.2% under reagan. i can't say for sure, but i think it was under 6.5% for george hw bush. i don't know what the inflation rate or interest rate was, but the economy was in better shape in 1992 by any objective measure...
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the author of the sushi economy pulls the curtain that of the operatives that use social science to determine the outcome of elections. >> host: well, sasha this is a provocative and timely look as we are weeks away from the election. i want to know how did you come to want to write this book? >> guest: i covered campaigns beginning in philadelphia, so i was paying more attention to sort of tactics and techniques in the physical world of campaigns just because in the big city so much attention was being paid to the vote counted and precinct targeted so i talked to people that were making tv ads and i was always shocked as i think anybody that spent time on the campaigns is that most people couldn't explain to me why they did anything that they were doing. how do you know that and why do you do that and at some point they did it because the it always done it that we were they had some sort of a rule that wasn't based on any research. so some sort of skepticism about a lot of practices that were taking place and the way people were spending money and devoting time and resources and as i learned
the author of the sushi economy pulls the curtain that of the operatives that use social science to determine the outcome of elections. >> host: well, sasha this is a provocative and timely look as we are weeks away from the election. i want to know how did you come to want to write this book? >> guest: i covered campaigns beginning in philadelphia, so i was paying more attention to sort of tactics and techniques in the physical world of campaigns just because in the big city so...
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be away cut off from them and start making our own things again because that will only stimulate our economy. >> well, i think we have a modern version of mutual assured destruction like we had with soviet union. if one side or the other does something abrupt, it brings down the whole system. that said, people worry about the world trade organization. we can't have tariffs and all that. maybe we can't, but our whole tax system is skewed towards favoring outsourcing and off shoring as opposed to building it here. so there are solutions we can undertake. >> thank you. >> i have a question about politics more than policy. i notice you work for politicians. i forgot who the nator was. i have a richer book. judd gregg. so you work for people who stood for office campaigned in the electoral system and the books about policy and the failure of policy seems to me that many people in the room have an example of that agree with your view in my view. about policy. the problem it seems to me isn't the policy, but a way out. and that seems to me the question is politics and leadership. and i don't see le
be away cut off from them and start making our own things again because that will only stimulate our economy. >> well, i think we have a modern version of mutual assured destruction like we had with soviet union. if one side or the other does something abrupt, it brings down the whole system. that said, people worry about the world trade organization. we can't have tariffs and all that. maybe we can't, but our whole tax system is skewed towards favoring outsourcing and off shoring as...
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influence over our political system and they are driving big government spending and over regulation of our economy. in the little time we have remaining because i want to open it for questions and answers, i'm going to get the seven of the policy concerns we have raised in "shadowbosses" about unionism. underscore and to hit on seven of them. number one union strive excessive spending on government employees. i don't know if you realize this but the private sector unions have to make sure that their demands are not so great that the private employer goes out of business, right? well, outrageous concessions to unions don't try the government out of business. and they don't make union members lose their jobs. the government will always be in business. unwieldy union contracts just make government immensely bigger, more expensive, create debt and bankrupt our city and state and ultimately our federal government. and they are more burdensome on taxpayers. two, unions are private organizations, and we give them special benefits and treatment from our government. it is important to realize that they are
influence over our political system and they are driving big government spending and over regulation of our economy. in the little time we have remaining because i want to open it for questions and answers, i'm going to get the seven of the policy concerns we have raised in "shadowbosses" about unionism. underscore and to hit on seven of them. number one union strive excessive spending on government employees. i don't know if you realize this but the private sector unions have to make...
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in southern afghanistan where the bulk of the troop surgeinciy unfolded, the economy is principally agricultural. most men are working the fieldsv were doing some sort of job that is related to agriculture. the u.s. government includedhemh pghtly that one key way to helo the afghan people would be toze, the farming toh try to provide them with somes o better seeds and fertilizer and in some cases, tractors and try to improve what they were goingl so thatle you would improve ther livelihood as a result, he woull sort of helped them out. so the problem was we tried to do too much of it at once. a h think of southern afghanistan and the farmers there is a of i, parched amman on a hot day.m ine instead of giving them a tall glass of ice water, we literallt turned the fire hose on him, ruining him on the process. beig we tried to pour so much moneypd in bed it wound up becomingy, counterproductive. this was a program that was trying to spend $300 million in and just two provinces in one year. not surprisingly, we wound upr t shoveling the goods of afghanthy and they drove it over to the border to pak
in southern afghanistan where the bulk of the troop surgeinciy unfolded, the economy is principally agricultural. most men are working the fieldsv were doing some sort of job that is related to agriculture. the u.s. government includedhemh pghtly that one key way to helo the afghan people would be toze, the farming toh try to provide them with somes o better seeds and fertilizer and in some cases, tractors and try to improve what they were goingl so thatle you would improve ther livelihood as a...
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high unemployment, a lot of uncertainty about the future of the economy. we have uncertainty about the future of the country, allies who are very uncertain about us and some who are deserting us. we have lots of american prestige abroad. an entity that says a disaster in an attempt to kill bin laden, that would be the pivot point. she was concerned about the politics and reelection possibility. hillary clinton, petraeus,, panetta are concerned about missing an opportunity. this is a guy who killed 3000 americans. if america ever learned was how to mentor sites and pull the trigger. >> that to the leadership quotient comes down. just go right. >> host: the president's decision early on was certainly something readers could understand. what would happen afterwards i think was really quite striking. here again perhaps even fingerprints of valerie garrett? >> guest: perhaps. imam's body has splashed out the back only hours before. and now, here's the president of the united states racing to the television cameras to tell the world. the intelligence and militar
high unemployment, a lot of uncertainty about the future of the economy. we have uncertainty about the future of the country, allies who are very uncertain about us and some who are deserting us. we have lots of american prestige abroad. an entity that says a disaster in an attempt to kill bin laden, that would be the pivot point. she was concerned about the politics and reelection possibility. hillary clinton, petraeus,, panetta are concerned about missing an opportunity. this is a guy who...
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road to serfdom" was really interesting book for me and made me think a lot about government and the economy. i really enjoyed that one.
road to serfdom" was really interesting book for me and made me think a lot about government and the economy. i really enjoyed that one.